Project4000 allows us to process transactions directly from our financial package, iSOFT’s Integra Open Enterprise suite, avoiding the re-keying of data. The module then creates assets with full transaction history, rather than with just basic value and costs.

Capital Project Control Software

Effective expenditure management demands complete control of cash-flow, budgets and projects from start to finish. Real Asset Management’s (RAM) project cost control system ensures commitments and expenditures are recorded against budgets for both capital and expense projects.

Features

Prepared budgets can be split across multiple projects and further divided into categories and sub-categories.

Values are updated automatically when transactions such as orders, invoices and credit notes are processed, ensuring that financial information is consistent and current.

Project costs can be accumulated as multiple Work-in-Progress (WIP) assets which can be transferred to the asset register on strategic capitalisation dates.

WIP assets are valued at the level of expense incurred and may then be indexed.

Interest may be added to the indexed amount to produce a closing value before optional transfer to the asset register.

Expenditure can be assigned to individual assets or split across a number of assets by percentage or weighting.

Email, instant messaging or text alerts can be configured to notify budget and project managers when spend limits are within user-determined ranges.

Integrated document management to log items such as ROI forms, project plans, orders and invoices. Documents can be held in various formats.

Project Cost Control

Project associated costs are maintained and controlled at every stage.

Supports a range of transaction types used to record both commitment and spend.

Financial details associated with such transactions as purchase orders, invoices, credit notes, journals and accruals are automatically updated in real time to provide current position against budget.

Individual transactions can be assigned to specific WIP assets or split across a number of items and defined at project, order or invoice level.